Forex Delta RSI Indicator 2
Forex Delta RSI Indicator 2 is an indicator for MetaTrader 4 from the Old Kings collection. Its name points to the RSI oscillator (overbought / oversold zones). Its source code uses RSI. It has 8 settings, for example RSIPeriod1 (default 14), RSIPeriod2 (default 50) and Level (default 50). Try it on a demo chart first and note how its lines or arrows react to new bars. Inside: 2 indicator files with source code (.mq4) you can open and edit in MetaEditor. Old Kings are classic community tools shared as-is. Not tested by PolyMaria. Try it on a demo account first. Are you the author of this tool? Message us on Telegram (@abumarket_support) and we will credit you or take it down.
Indicator · MT4 · v1.0 · Free
About Forex Delta RSI Indicator 2
Forex Delta RSI Indicator 2 is an indicator for MetaTrader 4 based on RSI. It has 8 settings, such as Rsi period1, Rsi period2 and Level. MQL source code included.
Files in the download: delta_rsi.ex4, delta_rsi.mq4, installation manual.txt.
Settings
| Setting | Default | What it does |
|---|---|---|
| Rsi period1 | 14 | Fast RSI Period |
| Rsi period2 | 50 | Slow RSI Period |
| Level | 50 | Signal Level |
| Bar | 0 | Bar |
| Active up | clrRed | OverBuy Color |
| Active down | clrGreen | OverSell Color |
| Passive | clrGray | No Signal Color |
| Type gr | Histogram | Type graph |
How to install
- Download the ZIP from your PolyMaria library and unzip it.
- In MetaTrader 4 open File → Open Data Folder, then go to MQL4 → Indicators.
- Copy the .mq4 file(s) there. Put any .mqh files in MQL4 → Include.
- Open the .mq4 file in MetaEditor and press Compile (F7) if MetaTrader does not show it.
- Drag the indicator from the Navigator onto a chart and adjust the settings.
Tags: RSI · MT4 Indicator · MQL4 Source Code